The New Luxury Spec Home

12/12/2013 3:25PM

Building homes on speculation is always risky, but now developers are upping the ante with a slew of cutting-edge modern designs. Exploring the future of multimillion dollar spec building. Photo: Jason Henry for The Wall Street Journal.

This transcript has been automatically generated and may not be 100% accurate.

I ... still the multimillion dollar homes on staff ... was no fire on the horizon ... is a risky venture ... now the stakes are even higher as developers are breaking from traditional home design ... and construction contemporary glass and steel houses with hopes merchants ... in Miami approved workers is putting the finishing touches on tennis days modernist home ... seven bedrooms seven a half bath home is concrete floors covered with a resin finish ... in the living area that rises twenty four speech at the ceiling ... with a wall of glass showcases Polanski ... the doors in this voluminous principal feet tall and twenty bike twenty foot concrete wall is embedded within eighteen to the relief of a massive oak tree ... Mr. day is listing the home for nine point eight million dollars ... in Aspen Colorado ... many buyers to enjoy the more traditional approach ... but even those homes are taking cues from modern architecture ... developer Bob boding describes the spec home as the Brazilian modern in the mountains ... was later tones main alliance inexpensive glass panels ... the roughly eighty one hundred square foot home is listed at thirteen point nine million dollars ... pushing the envelope with modern design doesn't come without its risks ... if the home is to teach ... the kid a leading fires in winter on the market ... costing the developer tens of thousands of dollars in carrying costs for mom ... but thanks to an infusion of buyers with more adventures tastes ... the high concept house may actually be a safer bet than some of the country's tough markets ...